The National Pension Commission (PenCom) has unveiled Pension Revolution 2.0, an ambitious reform initiative aimed at transforming Nigeria’s pension sector to foster sustainable growth, resilience, and contribute significantly to national progress.
On the evening of Monday, September 22, 2025, PenCom’s director-general, Ms. Omolola Oloworaran, introduced this groundbreaking programme, describing it as “the most transformative development since the 2004 Pension Reform Act,” which established the Contributory Pension Scheme (CPS) and revolutionized retirement savings across the country.
“After twenty years, we are poised at another pivotal juncture,” Oloworaran announced via her X (formerly Twitter) account @Omololabo.
She emphasized, “Pension Revolution 2.0 combines bold vision with practical evolution. It heralds a new chapter of respect for retirees, inclusivity for all Nigerian workers, and economic resilience for the nation.”
The initiative is closely aligned with President Bola Tinubu’s directive to expand pension accessibility, mobilize long-term capital for development projects, and ensure retirees enjoy a dignified life.
Starting this week, PenCom will roll out a series of new regulations daily, each designed to elevate standards in investment management, governance, compliance, financial inclusion, and customer service.
Moreover, within the next quarter, the Commission plans to pilot health insurance schemes for pensioners and implement the much-anticipated Minimum Pension Guarantee.
Oloworaran highlighted that these measures are intended to “preserve the dignity of retirees and promote a decent quality of life.”
The reform strategy is built around five key goals: ensuring retirees’ dignity through health coverage and guaranteed minimum pensions; enhancing investment returns while safeguarding contributors’ funds for sustainable growth; broadening pension participation to encompass all Nigerians, especially those in the informal economy.
Additionally, the programme focuses on leveraging technology and innovation to democratize pension access and improve service delivery, as well as unlocking pension funds as dependable capital for infrastructure and national development projects.
“Pension Revolution 2.0 transcends mere regulatory changes,” the PenCom DG concluded. “It represents a restoration of confidence, a system evolution, and a bold vision for the nation’s future.”
